On Assignment (ASGN) Releases Q1 Earnings Guidance

On Assignment (NYSE:ASGN) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.74-0.78 for the period, compared to the Thomson Reuters consensus estimate of $0.76. The company issued revenue guidance of $672-682 million, compared to the consensus revenue estimate of $673.66 million.

A number of equities analysts recently issued reports on the company. Wells Fargo & Co raised their target price on On Assignment from $75.00 to $85.00 and gave the stock an outperform rating in a research note on Thursday, February 1st. ValuEngine upgraded On Assignment from a hold rating to a buy rating in a research note on Friday, February 2nd. Royal Bank of Canada reiterated a buy rating on shares of On Assignment in a research note on Friday, October 20th. Deutsche Bank lifted their price objective on On Assignment from $57.00 to $60.00 and gave the company a buy rating in a research note on Thursday, October 26th. Finally, Zacks Investment Research lowered On Assignment from a buy rating to a hold rating in a research note on Tuesday, October 31st. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $72.86.

On Assignment (NYSE ASGN) traded up $1.41 during trading hours on Wednesday, hitting $74.26. The stock had a trading volume of 345,754 shares, compared to its average volume of 302,289. On Assignment has a 52-week low of $43.83 and a 52-week high of $77.68. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 2.57. The firm has a market cap of $3,742.47, a PE ratio of 34.44, a PEG ratio of 1.98 and a beta of 2.11.

In related news, SVP Jennifer Hankes Painter sold 3,500 shares of On Assignment stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $63.06, for a total value of $220,710.00. Following the sale, the senior vice president now directly owns 10,667 shares in the company, valued at approximately $672,661.02. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Brian J. Callaghan sold 20,250 shares of On Assignment stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $64.00, for a total value of $1,296,000.00. Following the completion of the sale, the director now owns 392,930 shares in the company, valued at $25,147,520. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,915 shares of company stock worth $1,528,095. 5.40% of the stock is currently owned by insiders.

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On Assignment Company Profile

On Assignment, Inc is a global provider of in-demand, skilled professionals in the technology, life sciences and creative sectors. The Company matches resumes with job descriptions to match people they know into positions they understand for temporary, contract-to-hire, and direct hire assignments. It operates through two segments.

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